A Company Has an Accounts Receivable Turnover of 10 Times

question 138

Multiple Choice

A company has an accounts receivable turnover of 10 times. The average net accounts receivable during the period are ¥500,000,000. What is the amount of net credit sales for the period?

• A) ¥50,000,000
• B) ¥5,000,000,000
• C) ¥500,000,000
• D) Cannot be determined from the information given

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